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Citizens Bank 43 Pennsylvania Ave 4,285 SF Retail Building Niantic, CT 06357 $1,150,000 ($268.38/SF)
INVESTMENT HIGHLIGHTS
- New zoning regulations friendly to mixed-use
- Front and rear parking lot access
- Downtown location with great walking/tourist potential
EXECUTIVE SUMMARY
Situated in the heart of downtown Niantic, 43 Pennsylvania Avenue presents an
exceptional opportunity for owner-users, investors, or developers seeking a
versatile commercial asset in one of East Lyme’s most visible and walkable
corridors. The building spans approximately 3,065 square feet on a 0.79-acre
parcel with ample on-site parking and asphalt paving. Originally constructed as a
bank in 1972, the property features robust infrastructure including 300-amp, 3-
phase electrical service, a central heat and air conditioning system installed in
2022, and ADA-compliant entrances. PERFECT FOR RESTAURANT SPACE!
exceptional opportunity for owner-users, investors, or developers seeking a
versatile commercial asset in one of East Lyme’s most visible and walkable
corridors. The building spans approximately 3,065 square feet on a 0.79-acre
parcel with ample on-site parking and asphalt paving. Originally constructed as a
bank in 1972, the property features robust infrastructure including 300-amp, 3-
phase electrical service, a central heat and air conditioning system installed in
2022, and ADA-compliant entrances. PERFECT FOR RESTAURANT SPACE!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,285 SF
Building Class
B
Year Built
1972
Price
$1,150,000
Price Per SF
$268.38
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.96 AC
Zoning
CB - Central Business
Retail - Restaurant
×
Retail - Storefront
×
Retail - Storefront Retail/Residential
Parking
28 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | ELYM-001201-000015 | Improvements Assessment | $455,350 |
| Land Assessment | $162,050 | Total Assessment | $617,400 |
PROPERTY TAXES
Parcel Number
ELYM-001201-000015
Land Assessment
$162,050
Improvements Assessment
$455,350
Total Assessment
$617,400
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Citizens Bank | 43 Pennsylvania Ave
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